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So by what twisted logic is three days of across-the-board, sheeplike panic selling begat by insanely overleveraged Koreans a "correction?"
Investor summaryBearish
The author criticizes the market's labeling of a 3-day panic sell-off driven by overleveraged Korean traders as a mere correction.
Bear points
- The recent market drop was a panic sell-off rather than a healthy correction.
- The sell-off was driven by insanely overleveraged foreign traders causing broad panic.
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